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Super Simple System for Scalping

  • #81
  • Apr 12, 2022 10:28am Apr 12, 2022 10:28am
Quoting burnestgeyer
{quote} I switched to CAO I find them similar, presenting different opportunities in their own way
I think using both AO (5,34) and CAO (14,100) works best to filter out some bad trades and also showing the current trend/waves.
  • #82
  • Apr 12, 2022 10:36am Apr 12, 2022 10:36am
Quoting franz
{quote} Why did you open this Short? Your Cao 14,100 was above zero, so only Long.
I do not look at the histogram if it is above/below zero - you should rather see if the histogramm is falling or rising. Trades around the zero line (AO) usually have strong momentum.
  • #83
  • Apr 12, 2022 10:52am Apr 12, 2022 10:52am
Just closed another NAS100 trade - both AO and CAO showed negative momentum and are falling.
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  • #84
  • Apr 12, 2022 11:00am Apr 12, 2022 11:00am
Quoting Olarion1975
Just closed another NAS100 trade - both AO and CAO showed negative momentum and are falling. {image}

why are you open for sell ?
AO and C.A.O are both >0
  • #85
  • Apr 12, 2022 11:21am Apr 12, 2022 11:21am
Setup??
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  • #86
  • Apr 12, 2022 11:27am Apr 12, 2022 11:27am
Quoting tienvip123be
{quote} why are you open for sell ? AO and C.A.O are both >0
Histogram is falling - don't bother if it is above or below zero, just look at the slope.
  • #87
  • Apr 12, 2022 11:27am Apr 12, 2022 11:27am
Another open trade on EURUSD.

UPDATE: Closed for +3 pips.
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  • #88
  • Apr 12, 2022 11:30am Apr 12, 2022 11:30am
Quoting burnestgeyer
Setup?? {image}
Great setup, would have entered but was eating dinner...lol
  • #89
  • Apr 12, 2022 11:33am Apr 12, 2022 11:33am
Quoting Olarion1975
I tested this method on demo since yesterday and I must say it works really good. Thanks burnestgeyer for sharing! Uploaded some trades I took today and the results...30 trades in total, 21 trades closed in proft, 70% win rate. I only trade EURUSD, US100 (NASDAQ) and GOLD, all on M1 time frame. {image} {image} {image} {image}
This is awesome Olarion1975!

What were you specific rules for entry/exit?

Asking as there have been a few additions to OPs original rules throughout the thread. TIA
  • #90
  • Apr 12, 2022 11:34am Apr 12, 2022 11:34am
Finally, my first trade of the day with a perfect setup.

one thing I added to my chart to help with confirmation is volume. If the volume bar on the cross candle is higher than the previous one that’s a great sign.

other than that this is a straight forward setup A++!
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  • #91
  • Apr 12, 2022 11:35am Apr 12, 2022 11:35am
Quoting Olarion1975
{quote} Great setup, would have entered but was eating dinner...lol
Ended up being a monster!
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  • #92
  • Apr 12, 2022 11:54am Apr 12, 2022 11:54am
Quoting Olarion1975
Another open trade on EURUSD. UPDATE: Closed for +3 pips. {image}
Hello Sir,
Could you share your template? Thanks in advance!
  • #93
  • Apr 12, 2022 11:54am Apr 12, 2022 11:54am
Here’s another setup I didn’t take because how consolidated and close to the BB we were.

also notice that volume on the cross bar deceased. If it increased woulda been more likely to get in

Would have had to take profit within 1 minute of next candle or would have been a loss. This is where algos suck.

There’s plenty of opportunity just have to know how to navigate them/

waiting for next setup!
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  • #94
  • Apr 12, 2022 1:01pm Apr 12, 2022 1:01pm
Quoting burnestgeyer
{quote} Ended up being a monster! {image}
Yes, indeed...but what an even bigger monster followed thereafter ...missed it.
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  • #95
  • Apr 12, 2022 1:32pm Apr 12, 2022 1:32pm
Quoting Olarion1975
{quote} Yes, indeed...but what an even bigger monster followed thereafter ...missed it. {image}
another textbook setup that I also missed lmao
  • #96
  • Apr 12, 2022 1:35pm Apr 12, 2022 1:35pm
Let me explain why this is text book..these CONFIRMATIONS ARE HUGE!!

1 - bearish volume increased on cross candle

2 - First red histo bar on AO

3 - price hasn’t touched BB recently and market isn’t consolidating.


this is amazing, last two trades are perfect examples of what this strategy can do.

A+++
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  • #97
  • Apr 12, 2022 2:18pm Apr 12, 2022 2:18pm
Quoting Wilczur
{quote} Hello Sir, Could you share your template? Thanks in advance!
Sure, please see attached indicators and template.
As candle time indicator I use "Blahtech Candle Timer" which you have to download from Market tab in MT4.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 !SM_ADR_Marker.ex4   12 KB | 570 downloads
File Type: ex4 CAO.ex4   10 KB | 593 downloads
File Type: mq4 Show TP Pips.mq4   30 KB | 594 downloads
File Type: tpl SuperSimpleSystem.tpl   5 KB | 601 downloads
  • #98
  • Edited 2:57pm Apr 12, 2022 2:43pm | Edited 2:57pm
AO changing color or crossing 50 on same bar that crosses is almost a must for me at this point. you’ll get less entries but they’re really good when they come
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  • #99
  • Edited 7:37pm Apr 12, 2022 7:27pm | Edited 7:37pm
I want to showcase some of the most recent setups on a asset I dont really trade - ETH. Just an objective look at some setups and how I would have traded them.

this is for learning and nothing else

1ST PIC: IF you look back 4 candles or so you can see that the current bearish volume pales in comparison with recent bullish volume. BB is consolidating and while we do have a 1st bar color change, its alot weaker of a confirm than 1ST BAR 0 Change. Bad Setup

2ND PIC: Volume is PRETTY good...12 candles prior there was a big bearish spike but after that you can see bullish volume is alot stronger. We have A LOT of room in the market (BB is open)...AND we have the strongest confirm of them all...1ST BAR 0 Change. A++setup!

3RD PIC: This is a pretty bad setup - not great. Volume isn't great, the AO bar setup isnt great..the BB space is good, but that's the weakest confirm.

4TH PIC: Good setup! Now here, we do have the almighty 1ST BAR 0 Change, So I definitely would have taken this especially if you consider the volume. Two strongest confirms are there, but market is tight. Just get in and get out - but you'll definitely make a profit with this setup.

5TH PIC: 2 trades in a short time. Both work out great. Both happen to be 1ST bar 0 changes. Volume sucks on first trade but is great on second trade. Overall market is pretty tight. These are above average setups.

Hope you guys can understand how I trade this system. it's even easier when you're trading an asset you always trade. But I wanted to show just the 5 or 6 most recent setups on a random asset.
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  • #100
  • Apr 12, 2022 9:00pm Apr 12, 2022 9:00pm
Quoting burnestgeyer
I want to showcase some of the most recent setups on a asset I dont really trade - ETH. Just an objective look at some setups and how I would have traded them. this is for learning and nothing else 1ST PIC: IF you look back 4 candles or so you can see that the current bearish volume pales in comparison with recent bullish volume. BB is consolidating and while we do have a 1st bar color change, its alot weaker of a confirm than 1ST BAR 0 Change. Bad Setup 2ND PIC: Volume is PRETTY good...12 candles prior there was a big bearish spike but after that...

thank you very much
i am using default AO
i tried using C.A.O (14,100) but i miss a lot of profitable entries
i am thinking about using C.A.O (5,34)
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